MAVA: a private equity advisor
MAVA, a subsidiary of Danubius Managers Ltd., is a private equity/venture capital company headquartered in Budapest, Hungary. The Funds MAVA advises finance management buy-outs, buy-ins, development and venture capital situations in Hungary and elsewhere in Central Europe.

The origin of MAVA goes back to 1990 when at the initiative of the US Congress the Hungarian-American Enterprise Fund was launched. Today, MAVA advises two private equity funds -- the Hungarian-American Enterprise Fund and Hungarian Equity Partners L.P.-- with an aggregate committed capital of US$100 million. Our Funds have provided 54 businesses in Hungary with more than US$125 million in financing. By April 2004, the Funds exited from 36 of these companies primarily through flotations or trade sales.

Typically, the Funds' equity commitments have ranged between US$1 and US$10 million. MAVA has led most of these investments to date, giving it greater control in terms of due diligence, negotiating, pricing and structuring deals.

MAVA professionals actively participate at the Board level in the strategic direction of portfolio companies in order to enhance the value of the investments. MAVA has developed relationships with successful managers who have proved their leadership capabilities in the build up of technology companies or turnarounds and are prepared to work as "venture" partners with MAVA on new challenges.